Shanghai Composite up, Shenzhen Component higher after August inflation
Shanghai Composite rose to 3,940.4 and Shenzhen Component to 13,767. Annual consumer inflation was 0.8% in August and producer price inflation picked up to 3.8%.
5% to 13,767. 5% in July. 7%. The pickup in inflation was driven mainly by higher energy costs amid ongoing Middle East tensions.
Weak consumer demand continued to limit companies' ability to pass on rising costs as the economy slowed and fiscal support became more restrained. 1%).